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17. Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets and liabilities | Net deferred tax liabilities consist of the following components as of December 31, 2020 and 2019:
|  | 2020 |  |  | 2019 |
Deferred tax assets: |  |  |  |  |  |  |  |
NOL Carryover |  | $ | 11,945,900 |  |  | $ | 10,068,800 |
Lease Liability |  |  | 615,300 |  |  |  | 1,166,400 |
Stock Compensation |  |  | 722,200 |  |  |  | – |
Warrants |  |  | 335,000 |  |  |  | – |
Deferred Revenue |  |  | 456,900 |  |  |  | – |
Other |  |  | 81,300 |  |  |  | 36,700 |
Subtotal |  |  | 14,156,600 |  |  |  | 11,271,900 |
Valuation Allowance |  |  | (13,603,100 | ) |  |  | (10,068,700 | )
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right of Use Assets |  |  | (551,900 | ) |  |  | (1,122,100 | )
Other |  |  | (1,600 | ) |  |  | (81,100 | )
Net Deferred Tax Asset |  | $ | – |  |  | $ | – |
Schedule of effective income tax rate reconciliation | The income tax provision differs from the amount of income tax determined by applying the U.S. federal tax rate to pretax income from continuing operations for the years ended December 31, 2020 and 2019 due to the following:
|  | 2020 |  |  | 2019 |
Income Tax Expense Computed at the Statutory Federal Rate |  | $ | (84,350,700 | ) |  | $ | (2,411,100 | )
State Income Taxes, Net of Federal Tax Effect |  |  | (871,900 | ) |  |  | (613,300 | )
Stock Compensation |  |  | 1,333,300 |  |  |  | 38,700 |
Conversion Option Revaluation |  |  | 36,085,500 |  |  |  | – |
Secured Convertible Notes |  |  | 216,700 |  |  |  | 483,100 |
Warrants |  |  | 44,036,600 |  |  |  | 38,200 |
Other |  |  | 16,200 |  |  |  | 15,000 |
Valuation Allowance |  |  | 3,534,300 |  |  |  | 2,449,400 |
|  | $ | – |  |  | $ | – |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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